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Court stops Trump: Lisa Cook stays at the Fed

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The Supreme Court is the highest court in the USA. Judges make important choices there. Donald Trump wants to fire Lisa Cook. She works at the board of the Fed. Trump claims she lied about a house loan. Lisa Cook says: This is not true.

The court supports Lisa Cook. A president cannot fire members of the Fed. The Fed must keep its independence. This helps the economy stay strong. Lisa Cook keeps her job for now.

The court also decides a case about sexual abuse. A jury finds Trump guilty in 2023. He attacked E. Jean Carroll in 1996. Later he spoke bad things about her. Trump must pay 5 million dollars. He wants to stop this. The court says no. The rule stays true.

But Trump wins in another case. He can fire heads of some agencies now. This is for the consumer protection agency. The court changes an old rule from 1935. Trump is happy. He wants more power over agencies in the USA.

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Definitions

Supreme Court
This is the highest court in the USA. The judges decide on very important laws.
Federal Reserve
This is the central bank of the USA. It looks after money and interest rates.
Independence
This means a person or group decides freely. No one gives them orders.
Loan
This is money from a bank. You pay it back later.

People

Donald Trump
He is the president of the United States of America.
Lisa Cook
She is an expert on the economy and works at the Fed.
E. Jean Carroll
She is a famous writer and journalist from the USA.

Locations

United States of America
A large country in North America. People call the country USA.

Sources

Logo The Guardian
The Guardian

US supreme court rejects Trump’s bid to appeal $5m E Jean Carroll verdict

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la Repubblica

Dalla Corte Suprema doppio colpo a Trump: deve risarcire Jean Carrol per violenza e non può cacciare Lisa Coo…

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Logo The Guardian
The Guardian

US supreme court rules Trump can fire leaders of independent agencies

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Logo The Guardian
The Guardian

US supreme court rules Trump’s firing of Lisa Cook from Fed was unconstitutional

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ANSA

La Corte Suprema Usa consente a Lisa Cook di restare alla Fed - Notizie - Ansa.it

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Logo FAZ
FAZ

Liveticker USA unter Trump: Supreme Court stärkt Trumps Macht über Behörden – aber nicht über die Fed | FAZ

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Logo Spiegel
Spiegel

Oberste US-Richter kassieren Entlassung von Fed-Direktorin

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Logo ORF
ORF

Doppelte Niederlage für Trump vor Höchstgericht

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Logo SRF
SRF

Supreme Court: Trump darf Fed-Vorständin Cook nicht entlassen

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Logo The Guardian
The Guardian

Supreme court rules Trump can fire regulators but finds against him in Fed governor and E Jean Carroll cases – live

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